Where Will High-Yield Enbridge Stock Be in 10 Years?
Key takeaways
- ENB.TO NG=F The big draw with Enbridge (NYSE: ENB) is its lofty 5.1% dividend yield.
- The core of Enbridge's business is its midstream oil and natural gas operations.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
ENB.TO NG=F The big draw with Enbridge (NYSE: ENB) is its lofty 5.1% dividend yield. And that yield is backed by 31 annual dividend increases. That's a great start for any investor looking to buy a high-yield stock, but the story gets even better when you consider where Enbridge will be in 10 years.
The core of Enbridge's business is its midstream oil and natural gas operations. Essentially, it charges fees for facilitating the movement of these vital energy commodities worldwide. The price of the commodities moving through its system is less important than the volume. And given the importance of oil and natural gas to modern life, volume is high most of the time. In fact, the conflict in the Middle East may even increase demand for oil and natural gas from North America as countries reconsider energy security.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »